Form 4: CCC Intelligent Solutions Holdings Officer Sells Shares Under 10b5-1 Plan

Marc Fredman, SVP and Chief Strategy Officer of CCC Intelligent Solutions Holdings, sold 28,804 shares of common stock at $11.97 per share on April 1, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On April 1, 2024, Marc Fredman, the SVP and Chief Strategy Officer of CCC Intelligent Solutions Holdings Inc., sold 28,804 shares of common stock.
• The sale was executed at a price of $11.97 per share.
• This transaction was conducted under a Rule 10b5-1 trading plan adopted on November 17, 2023.
• Following the transaction, Fredman directly owns 183,738 shares of CCC Intelligent Solutions Holdings Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily indicate a negative outlook on the company.

Industry Context

Insider transactions are routinely monitored and reported to the SEC. Sales under 10b5-1 plans are common and allow insiders to sell shares over a predetermined period, mitigating concerns about trading on non-public information.

Stakeholder Impact

• The sale of shares by an officer could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates